Marcus & Millichap Inc. (NYSE:MMI) SVP William E. Hughes sold 5,000 shares of Marcus & Millichap stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $26.17, for a total transaction of $130,850.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Marcus & Millichap Inc. (NYSE:MMI) opened at 25.45 on Thursday. The firm has a market capitalization of $957.10 million, a P/E ratio of 14.80 and a beta of 1.46. Marcus & Millichap Inc. has a one year low of $18.77 and a one year high of $49.97. The company’s 50-day moving average is $25.87 and its 200-day moving average is $25.79.
Marcus & Millichap (NYSE:MMI) last posted its quarterly earnings results on Thursday, August 4th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.06. The firm had revenue of $183.38 million for the quarter, compared to analysts’ expectations of $171.25 million. Marcus & Millichap had a return on equity of 34.19% and a net margin of 9.41%. Marcus & Millichap’s revenue was up 5.7% compared to the same quarter last year. Equities analysts forecast that Marcus & Millichap Inc. will post $1.75 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of MMI. Kennedy Capital Management Inc. boosted its position in Marcus & Millichap by 37.0% in the first quarter. Kennedy Capital Management Inc. now owns 251,783 shares of the real estate investment trust’s stock worth $6,393,000 after buying an additional 67,975 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Marcus & Millichap by 3.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 645,279 shares of the real estate investment trust’s stock worth $16,384,000 after buying an additional 22,896 shares during the last quarter. State Street Corp boosted its position in Marcus & Millichap by 6.6% in the first quarter. State Street Corp now owns 231,826 shares of the real estate investment trust’s stock worth $5,883,000 after buying an additional 14,368 shares during the last quarter. Oxford Asset Management boosted its position in shares of Marcus & Millichap by 392.2% in the second quarter. Oxford Asset Management now owns 151,296 shares of the real estate investment trust’s stock worth $3,844,000 after buying an additional 120,557 shares in the last quarter. Finally, Societe Generale purchased a new position in shares of Marcus & Millichap during the second quarter worth about $173,000. Hedge funds and other institutional investors own 35.28% of the company’s stock.
A number of brokerages recently weighed in on MMI. Zacks Investment Research downgraded shares of Marcus & Millichap from a “hold” rating to a “sell” rating in a report on Wednesday. JMP Securities restated a “hold” rating on shares of Marcus & Millichap in a report on Wednesday, June 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Marcus & Millichap currently has a consensus rating of “Hold” and a consensus price target of $37.50.
Marcus & Millichap Company Profile
Marcus & Millichap, Inc is a brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. The Company also offers market research, consulting and advisory services to its clients. It also offers two services to its clients, such as commercial real estate investment brokerage, and financing and ancillary services.
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